Founders ‘bootstrap’ Crossroads LED into an industry leader By Scott Meacham i2E first wrote a column about Crossroads LED back in 2011. At the time, the company wasn’t yet a year old. Dana D. Stefanoff, Crossroads president, and her husband Buddy, Crossroads LED Vice President and chief engineer, had developed a patented high-output, multicolor LEDRead more
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No. 3 on my short list of things that cause startups to fail is not having enough capital. I don’t mean “not having enough capital” in the way you might expect, at least not in the way that I do when I write about the dearth of seed-stage capital. With only about 2 percent of all VC funds going to seed-stage deals in the first place, and most of that in Silicon Valley and to a handful of other areas across the country, there is simply not enough seed capital in play.
Sir Isaac Newton’s second law of motion can be used by entrepreneurs to map out a “lean” startup strategy for their new ventures.
